COOKIE's looking juicy for a long, breaking out of its market structure. We've got a clean entry spot here.
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$COOKIE LONG ๐
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๐ Entry Range: $0.011376 โ $0.011398
๐ Stop Loss: $0.011045 (-3.0%)
๐ฏ TP1: $0.011558 (+1.5%)
๐ TP2: $0.011956 (+5.0%)
โก R/R Ratio: 1:1.7
๐ Confidence: 64%
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The setup's firing on all cylinders with CHoCH, CVD, FVG, OB, and a nice POI confluence - it's a strong combination. Market structure break is confirmed and volume's confirming direction, which adds to the conviction. The overlap of OB and FVG is the cherry on top.
With a 3.0% stop loss, this is a relatively tight setup, so I'd recommend keeping leverage in check, around 2-3x to maximize risk/reward.
If we hit TP1, it might be wise to take some profit off the table, especially since the risk/reward is looking pretty good at 1:1.7.
Not financial advice โ trade only what you can afford to lose ๐
$COOKIE #COOKIEUSDT #SMC #TradingSignals #Write2Earn